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Le Silla Reports €25 Million Turnover, Targets US and Emerging Markets

Ut World September 30, 2026 0

Italian luxury footwear and handbag brand Le Silla is expanding its global presence after recording group turnover of around €25 million in 2025, up approximately €5 million from the previous year. The Porto Sant’Elpidio-based company unveiled a new contemporary retail concept during Milan Continue Reading

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Luxury’s Shift From Destruction to Sustainability

Ut World August 5, 2026 0

The conviction of four former Chanel employees in Hong Kong for attempting to steal hundreds of luxury bags and wallets destined for destruction has revived debate over one of the fashion industry’s most controversial practices. Between 2016 and 2017, the employees allegedly diverted more than 700 Chanel products worth millions of dollars before they were […]Continue Reading

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Ferretti Family Leads €115 Million Bid to Revive Aeffe

Ut World July 31, 2026 0

The Ferretti family, the current owner of Italian fashion group Aeffe, has announced a binding offer to relaunch the company following a meeting at Italy’s Ministry of Business and Made-in-Italy (MIMIT). The proposal has been submitted in partnership with Invitalia, investment fund Oxy, and a manufacturing partner from China. The deal, valued at approximately €115 Continue Reading

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Facib Secures European Avirex Licence, Expands Brand Portfolio

Ut World June 16, 2026 0

Italian apparel group Facib has secured a 10-year licence for the European production and distribution of iconic American brand Avirex, marking a significant addition to its portfolio. Founded in 1932 and officially trademarked in 1975, Avirex is renowned for its aviation-inspired heritage and gained global recognition through its association with the film Top Gun and […]Continue Reading

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Geox S.p.A. Q1 Revenue Drops Amid Weak Consumer Demand

Ut World May 14, 2026 0

Italian footwear and apparel group Geox S.p.A. reported a challenging first quarter for fiscal year 2026, with revenues falling 12.5 per cent year-on-year to 165.3 million euros. The Veneto-based company attributed the decline to weak market conditions, subdued consumer spending, and reduced traffic across retail channels. On a like-for-like basis, sales declined 10.3 per Continue Reading